Freestanding Medical Office
For Sale
Contact for pricing
3944 W Flagler St, Coral Gables, FL 33134
Existing dental-office configuration can be redesigned for medical or professional office use.
Property Size1,600 SF
Price / SF$909.09
Days on Market94
Property Features for 3944 W Flagler St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
RETAIL
Building Details
Buildings
1
Building Size
1,600 SF
Listing Agency:
Fausto Commercial Realty
(305) 961-1179
Listed By:
Ashleen Cruz · License #3555022
(305) 794-1945
Source:
Moodyscre
Added: Jul 17
Changed: Oct 14
Last Checked: Oct 16 at 9:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding medical office property is currently configured as a dentist’s office and includes on-site parking. The layout can be redesigned for other professional applications, including medical, laboratory, research, or general office use.
The property is located at 3944 W Flagler St and is offered for sale.
The property is located at 3944 W Flagler St and is offered for sale.
Key Highlights
- Freestanding medical office property
- Currently configured as a dentist’s office
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,733
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,660
$874.7K
Cap Rate 7%
$624,757
$624.8K
Cap Rate 9%
$485,922
$485.9K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$75.2K $45.60/SF
− Vacancy
−$16.9K −$10.26/SF
EGI
$58.3K $35.34/SF
− OpEx
−$14.6K −$8.84/SF
NOI
$43.7K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,660
Cap Rate 7%
$624,757
Cap Rate 9%
$485,922
Alternative Uses
Best Use
Office B
$624.8K
$546.7K – $728.9K
NOI $43,733 @ 7.0% cap · market cap 2.92%
Second Best
Healthcare Medical
$310.6K
$271.8K – $362.3K
NOI $21,740 @ 7.0% cap · market cap 1.45%
Theoretical Best
Office A
$837.1K
$732.5K – $976.6K
NOI $58,598 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,065
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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- Miami Animal Hospital: Yull Armando DVM — 4701 W Flagler St, Coral Gables, FL 33134
- Stark Alberto E DVM — 4701 W Flagler St, Miami, FL 33134
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing dental-office configuration can be redesigned for medical or professional office use.
Where is this medical office space located?
The property is located at 3944 W Flagler St Coral Gables, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Freestanding medical office property; Currently configured as a dentist’s office; On‑site parking included
